The literature indicates that most housing in the urban areas of many countries in the global South is in informal settlements, provided through informal mechanisms that are often not well understood. This paper contributes to understanding the forces influencing real estate markets in informal settlements, drawing on a case study of the under-researched Ayobo community in Lagos, Nigeria. The paper examines the roles played by government agencies and other market actors, including buyers, sellers, informants, financiers and witnesses, in relation to the operation and regulation of informal land markets. The analysis of the data, drawn from a survey and interviews, reveals a thriving property market, which is socially if not formally regulated. The paper concludes that this flourishing informal market needs strengthening to effectively meet the housing needs of urban residents.

中文翻译：

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不同参与者如何塑造拉各斯非正式定居点的房地产市场

文献表明，全球南方许多国家城市地区的大多数住房是非正式定居点，这是通过人们通常不太了解的非正式机制提供的。本文以对尼日利亚拉各斯的Ayobo社区进行了研究不足的案例研究为基础，有助于了解非正式住区中影响房地产市场的因素。本文考察了政府机构和其他市场行为者（包括买主，卖主，线人，金融家和证人）在非正式土地市场的运作和监管方面所起的作用。从调查和访谈中得出的数据分析表明，房地产市场蓬勃发展，如果没有正式监管，房地产市场也将受到社会的欢迎。